| 摘要 |
A payment System for online purchases that includes as participants a System Administrator, Members, Merchants and Subscribers/Non-Subscribers. Participating purchasers are Subscribers to a Member. Subscribers have pre-determined purchase limit and pre-determined delivery address for goods purchased within the System. Members may or may not be banking/financial institutions. Merchants charge the System Administrator for the value of all purchases made by subscribing purchasers. The System Administrator charges the Members to which purchasers subscribe for their purchases. System Administrator guarantees payment to Merchants. Members guarantee payment to the System Administrator. Members have their own commercial arrangement in place with their subscribing purchasers to recover money or moneys worth in exchange for the payments they make on behalf of Subscribers to the System Administrator. The System Administrator can be a Member too. The System Administrator may or may not be a financial institution. Non-Subscribers can also do online purchases by making up front payment to the System Administrator/Members to do online shopping on Merchant's site. For large value transactions where multiple signatories are involved the System adopts a unique authentication process to validate the USER ID and password of different signatories. No single server of System administrator shall hold all the signatories' login details. The System is applicable to b2c and/or b2b online payments. The System is applicable to online and/or offline transactions. |
